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Topic: Miscellaneous
Number of pages / Number of words: 2 / 533
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A standby credit is only called upon in the event of failure to perform. Its function is, therefore, that of a guarantee.

Revolving Credit

This allows for the credit to be automatically reinstated under certain circumstances. It is normally used where shipments of the same goods are made to the same importer...


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A standby credit is only called upon in the event of failure to perform. Its function is, therefore, that of a guarantee.

Revolving Credit

This allows for the credit to be automatically reinstated under certain circumstances. It is normally used where shipments of the same goods are made to the same importer...


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